Obama Campaign Dangerously Low on Cash, Leading to Panic

The Atlanta Black Star ^ | August 5, 2012 | Nick Chiles

[2ndDivisionVet]

The Obama campaign has taken a huge risk by burning through hundreds of million of dollars in the early stages of the presidential campaign, opening offices in swing states, registering voters and getting to know local communities, but the expenditures have left the campaign dangerously low on cash heading into the final three months of the campaign.

The analysis of the Obama expenditures by the New York Times shows that the campaign has spent $400 million from the beginning of 2011 to June 30, 2012. That number includes $86 million on advertising, $50 million on hiring Democratic party workers, $46 million on direct mail and postage, $24 million on phones and even $25,000 on flower arrangements. The result is a vast and well-organized network of on-the-ground staff and infrastructure—and a discernible panic among Democrats that the campaign possibly has put itself in danger because the Mitt Romney campaign has far more money, $25 million more cash on hand at the start of July.

And although Romney has spent much of his money from the primaries and has to wait until after the convention to access tens of million dollars he has waiting, he can count on the pro-Romney Super PACs to take up the slack right now.

Obama supporters say the campaign’s fundraising has acquired a sense of urgency, sending out many more alarming emails to donors and scheduling more fundraising stops for the president. The campaign also has asked former President Bill Clinton to help with the fundraising efforts.

“My upcoming birthday next week could be the last one I celebrate as president of the United States, but that’s not up to me—it’s up to you,” the president wrote in an email to supporters last week.

But Obama campaign and Democratic party officials told the Times in interviews that they believed the Obama strategy would prove to be wise when election day has arrived.

“You can pay for direct mail or TV ads at the last minute, but you can’t shortcut long-term volunteer training programs,” said a campaign official. “The relationships we’ve built, the depth of what people know about their communities, our data systems, the training and organization—good luck doing that in less than 100 days.”

[2ndDivisionVet]

No mention of all the union and Soros money and boots on the ground.

[Parley Baer]

...and the free press he gets every day from his supporters in the msm.

[Michigan Bowhunter]

he will burn through a billion.5. My personal assessment is he ( obama ) will have romney assassinated before the election and blame it on the secret service. That is my personal take on the outing of problems within the secret service. That is what a communist does........set himself up for success by setting others up for failure.

[Mortrey]

Let him open a lemonade stand on the eighteenth hole.
Good experience and he’s always there already.

[Mortrey]

Better yet...he could wash the balls of the other golfers on the eighteenth hole.

[jeffc]

Zero and the Dems will get the money by doing what they always do: cheat. They'll get the money, illegally if they have to (or can), and dare anyone to stop them. Those who call them on it will be investigated by the IRS, the NSA, the FBI, the CIA and the alphabet networks!

[molson209]

Obama gets a second term his rich friends will just be poor like everyone else

[2ndDivisionVet]

Won’t they be in the “country club” concentration camps, though? Better gruel, shorter work-day, nicer pajamas, etc.

[Just mythoughts]

I do not believe for a minute they are short on cash. One way or another they will be flush with walking around dollars. Their panic if any stems from not being able to con Romney into a campaign spending pack like they made with old lord McCain.... and then left him to campaign on a stipend...

[Kickass Conservative]

>”Better yet...he could wash the balls of the other golfers on the eighteenth hole”<

He would make more money washing the balls of the other players in the Bathroom at the 19th hole.

[funfan]

Did they forget to include the event with Harvey and the Hollywood set tonight at Harvey's posh little pad? $38K a plate. Obama has plenty of money he is a liar.

[dsrtsage]

How can he be low on cash? He has had more fund raisers than the last 5 presidents combined.

[cuban leaf]

I’ve said since early 2010 that he would probably not finish his term. I’m more confident than ever. I think it will probably be a personal meltdown before the January inauguration, probably brought on by the ramifications of losing the election or strong belief that he WILL lose the election.

And to be clear, if he suspends elections, he didn’t finish his term as president. We replaced it with dictatorship. Not that I expect that.

But I do think someone with such a big, yet weak, ego, can’t take the pressure of what the world is, and is about to throw at him.

[FlingWingFlyer]

It appears as though everyone is running out of three dollar bills. Or maybe Barry is losing his Rock Star status. Hopefully, he’ll be playing Indian casinos in the Golden Oldies Lounge after November.

[Ms Mable]

Ohhh...it’s a pity party.....

“$50 million on hiring Democratic party workers,”
Where’s all those volunteers? A great big THANKS to Breitbart for putting Obama’s little army of ACORN out of business.

[thecodont]

Good theory and I agree.

[SledgeCS]

Just imagine how low his cash funds would be in he was actually acting like a president instead of the chief fund raiser or even better actually had to cover the full expenses to his fund raisers instead of making a 10-15 speech to call the trip a political event.

[Mark]

If only he had an Event Website for weddings,funerals....oh, never mind.

[VeniVidiVici]

Obama Campaign Dangerously Low on Cash, Leading to Panic

Good. Maybe he'll know now how the rest of America feels.

[VeniVidiVici]

Obama Campaign Dangerously Low on Cash, Leading to Panic

Good. Maybe he'll know now how the rest of America feels.

[Ezekiel]

They have unlimited access to cash and votes from every conceivable (and inconceivable) angle. All the more horror and shock upon regular Americans in the event of an Obama “win”.

[karnage]

I will bet you a dollar he will finish his term.

[spokeshave]

Let him open a lemonade stand on the eighteenth hole.

Good experience and he’s always there already.

Ha good luck with that....it's easier to teach goats to surf

[scooby321]

I bet Hollywood is about tapped out.

Wall Street doesn't like Obama anymore

I guess he has the guilty Trust funders who are too stupid to realize they get hit the hardest

[jyro]

he can’t say he didn’t create that problem his self.

[piytar]

What's funny is that these leftidiots expect loyalty from the drones they've paid. Ignorance of reality is going to bite THEM for a change!!!

[pepsionice]

I believe the worst scenario is an Obama loss in November...then waking up in December to find a campaign debt situation of $250 million. Just writing a book or two....won’t even cover $40 million. So you’d be looking at a guy who’d have to declare some kind of bankruptcy by 2014 because there’s no way he could pay it back.

I’d offer this analysis...as you get closer to October...fewer folks will offer deals for ad’s unless there’s some cash put down. So by the middle of October...with the exception of maybe three states...advertising completely shuts down. People will notice this huge drop in the campaign and just say....”they ran out of gas at the wrong time”.

[jyro]

use Obama's own words against him. http://www.youtube.com/watch?v=ypAU28t5Ya0

[jyro]

use Obama’s own words against him

http://www.youtube.com/watch?v=ypAU28t5Ya0

[piytar]

And obastard’s money is dirty. These aren't people like the US taxpayer you can rip off for a few hundred million dollars. They get nasty when. They don't get paid. If that happens, popcorn time!!!

[piytar]

And obastard’s money is dirty. These aren't people like the US taxpayer you can rip off for a few hundred million dollars. They get nasty when they don't get paid. If that happens, popcorn time!!!

[freekitty]

Exactly.. They are trying to convince you for whatever reason Obama is losing money.

[cynwoody]

And to be clear, if he suspends elections,

He can't do that.

But, if he can, then there is no Constitution. If there is no Constitution, there is no law, and nothing is illegal.

He won't do that.

[<1/1,000,000th%]

This is a smokescreen.

President Soetoro has more than $100 billion available to him through extreme left-wing foundations and rich donors, not to mention all the stimulus cash that’s unaccounted for.

If this report were true, it would mean the left has given up on him.

Hard to believe.

[Conservative4Ever]

I agree with the cheating angle...register voters both dead and alive.

[Doogle]

like most crooks, he’ll be sure to KEEP any monies he has secured when he loses....John Kerry was asked what happened to, or why he didn’t return about 7 million to the DNC AFTER
he lost.
Come to think of it, didn’t his barge cost about that much, 7 million?

[SledgeCS]

Good point but even the idea of having to declare bankruptcy does not worry bammy. Remember he is just recently starting to pay off his debts from the last presidential run.

NV School Debt

[wdnhrse]

Obama is building up his Stash. I predict, when he loses, he will soon be living outside the US, and with a lot of hidden cash to cushion the fall from politics. Mooschelle may not be with him though... could be interesting to see what settlement she gets.

[GlockThe Vote]

BINGO. I have been saying tis fair years. Within 5 years of leaving office I predict Obama will be divorced and bankrupt.

[ballplayer]

Poor Obama my ass,this lying sack of Excrement is crying for synpathy

[Eye of Unk]

Any estimates on how much was spent for the trolls on Free Republic?

[catfish1957]

There is an old saying that first impressions are the strongest. I am not sure it is that bad of a strategy. That is unless Romney takes a hard right and can show that he isn’t an Obama clone.

[cuban leaf]

—He won’t do that.—

I agree. I’m simply stating what is within the umbrella of my prediction. :-)

[Caipirabob]

he will burn through a billion.5. My personal assessment is he ( obama ) will have romney assassinated before the election and blame it on the secret service. That is my personal take on the outing of problems within the secret service. That is what a communist does........set himself up for success by setting others up for failure.

I agree that romney is in grave danger at the hands of the socialists. They are absolutely flipping insane with hatred for any opposition.

[Eye of Unk]

Obama would have more success in getting votes if he just plain mailed all his democratic voters a dividend check.